U.S. intelligence report on hackers attack caused mass sell-out of Russian stocks

Exchange-traded funds operating with Russian equity market experience losses since the securities in their portfolios are being rapidly sold after the U.S. National Intelligence published a report about Russian intervention in the U.S. presidential election, writes MarketWatch.

According to the publication, the assets of the fund VanEck Vectors Russia ETF fell 1.4%. On January 5 the fund sold 5.6 million shares, with 30-days average volume of about 11.7 million shares. In addition, the assets of iShares MSCI Russia Capped ETF lost 1.19% in value, and Direxion Daily Russia Bull 3x Shares fund sank 3% on Russian shares.

U.S. Director of National Intelligence James Clapper on January 5 said that next week they will publish a report revealing the reasons why Russian president Vladimir Putin decided to intervene in the American elections.

According to U.S. intelligence, the Kremlin ordered to hack email accounts of representatives of the U.S. Democratic Party.

Earlier, U.S. Republican Senator Lindsey Graham also said the United States impose new sanctions against Russia due to hacker attacks.

In late December, the U.S. imposed new sanctions against Russia because of alleged interference of Russian hackers and security services in the U.S. presidential election. Six men and five organizations, including the FSB and GRU, fell under the sanctions. President Barack Obama’s administration has also expelled 35 diplomats and closed two suburban residence of the Russian Embassy in New York and Maryland.

A spokesman for Russian President Dmitry Peskov called new sanctions illegal. He also added that the accusations against the Russian side are groundless.

Source: tvrain.ru

 

Image: Lucas Jackson/Reuters